Brief: Azelio Signs Conditional Order In Australia

Azelio AB

28/11/2022 07:27

Nov 28 (Reuters) - Azelio AB  AZELIO.ST :
    * SIGNS CONDITIONAL ORDER IN AUSTRALIA TO PROVIDE ENERGY-AS-A-SERVICE BASED ON FIVE TES.POD
UNITS
COMBINED WITH SOLAR POWER
    * AGREEMENT COVERS 20 YEARS AND IS EXPECTED TO GENERATE A POSITIVE RETURN FOR SPV AND AZELIO
    * FIRST YEAR'S REVENUE IS EXPECTED TO BE EUR 300,000 - 400,000.
    * AGREEMENT, WHICH IS ESTIMATED TO REQUIRE INVESTMENTS OF EUR 3 - 4 MILLION, IS SUBJECT TO
AZELIO
ARRANGING FINANCING FOR SPV, WHICH IS EXPECTED TO BE FACILITATED BY SOLAR ELEMENT OF PROJECT
    * DELIVERY OF ENERGY STORAGE SYSTEM, AND START OF OPERATION OF COMPLETE POWER SYSTEM, ARE
EXPECTED
IN 2024.
    * PV PART OF SYSTEM IS EXPECTED TO BE INSTALLED AND IN OPERATION IN 2023

Source text for Eikon:  ID:nMFN3chZVV 
Further company coverage:  AZELIO.ST 
 (Gdansk Newsroom)
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